Economy

Econ 101: March 5, 2013

CREDIT:

Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter.

  • A new Senate report will blame senior executives at JP Morgan Chase for the bank’s $6 billion “London Whale” losses. [New York Times]
  • Goldman Sachs is looking for ways around a new rule limiting risky trading. [Reuters]
  • The first furlough notices to government workers affected by the so-called “sequester” have gone out. [CNN Money]
  • House Republicans yesterday released legislation that would fund the government through the end of the fiscal year. [The Hill]
  • European leaders are opening the door to loosening budgetary restrictions in light of the continent’s weak economic growth. [Bloomberg]
  • London banks are not happy about the EU’s new restrictions on banker bonuses. [Financial Times]
  • Facebook’s headaches from its botched initial public offering are not over. [Reuters]
  • Young adults are holding their lowest amount of total debt in 15 years. [Wall Street Journal]